U.S. Bank National Association SBA Loan to Full-Service Restaurants Company
U.S. Bank National Association has a track record as a leading provider of SBA loans. Find out how this Oregon entrepreneur received an SBA loan from them.
This growing company knew how to go about getting a business bank loan. Based in Walterville, Oregon, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was U.S. Bank National Association, based in Cincinnati, Ohio.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
WALTERVILLE, OR 97489
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
6/30/2005
Loan Approval Gross Amount
$47,900
Loan Approval from the SBA
Of the total $47,900 loan amount, the SBA guaranteed $23,950.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 13 employees. The SBA loan application for the borrower indicated that the loan would help retain 13 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start business in Walterville OR, you ought to talk with a local Walterville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Walterville businesses.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into U.S. Bank National Association and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
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